SICPA Expands Tobacco Tax Stamp Expertise with Acquisition of Meyercord

According to a 2009 report from the U.S. Bureau of Alcohol, Tobacco, Firearms and Explosives, the U.S. loses $5 billion per year in state excise taxes due to tobacco being smuggled in illegally. At a time when governments are strapped for funding and are doing all they can to raise revenue, the loss of taxes due to counterfeiting is a major problem. California has taken proactive steps to reduce some of the loss of revenue by working in conjunction with SICPA Security Inks and Systems USA and ...